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DrSwing_Forex

EURUSD(1Hour): The pair that everyone is watching!!

Short
Euro / U.S. Dollar (OANDA:EURUSD)  
DrSwing_Forex  
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Trend Lines Support and Resistance
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trendanalysis trendline supportandresistance
Reward:168.9 pips 🤑
Risk:21.4 pips ❌
Risk/Reward:8.13 ✅

Chart Breakdown
  • Daily Timeframe
    We have an uptrend in place but price is currently consolidating.
    We also have a 3rd touch sell setup on a downward trendline that contradicts the uptrend.

  • 4Hour Timeframe
    Uptrend in place.
    We have a third touch buy setup that occurred on the uptrend trendline.

  • 1Hour Timeframe
    We have a downtrend on this timeframe.
    Since we are in a downtrend and have a downtrend trendline, I'm anticipating a 4th touch sell setup on the downtrend trendline.

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DR.Swing_Forex
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